Gates aims for expansion, possible IPO

Written by Kyle Brown, Rubber & Plastics News, a US sister publication of European Rubber Journal

Denver, Germany – After almost two years of ownership by Blackstone Group LP of New York, Gates Corp. is pursuing growth on multiple fronts in 2018 and beyond.

One of those fronts is an IPO slated for next year, on top of growth via hiring and acquisition, as well as new facilities in the coming years, said Tom Wells, Gates sales director, national accounts, in the firm’s industrial replacement and services group.

Those avenues of…

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